# PPP loan: PREFERRED TOOL & DIE CO., INC.
> **$338K** approved 04/13/2020 · Paid in Full · Loan `4370017101`
## Borrower
- **Name:** PREFERRED TOOL & DIE CO., INC.
- **Address:** 5400 WEST RIVER DR, COMSTOCK PARK, MI, 49321-8543
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $338K
- **Initial approval:** $338K
- **Forgiven:** $341K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Rent:** $14K
- **Utilities:** $10K
- **Health care:** $31K
- **Jobs reported:** 24
## Lender
- **Originating:** United Bank of Michigan
- **Servicing:** United Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*